Avalon Advanced Materials (TSE:AVL) Trading 37.5% Higher – Should You Buy?

Avalon Advanced Materials Inc. (TSE:AVL)’s share price rose 37.5% during mid-day trading on Saturday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 6,201,707 shares changed hands during mid-day trading, an increase of 1,171% from the average daily volume of 487,947 shares. The stock had previously closed at C$0.04.

Avalon Advanced Materials Stock Up 37.5%

The firm has a market cap of C$35.39 million, a price-to-earnings ratio of -5.50 and a beta of 0.70. The stock’s 50 day moving average is C$0.04 and its 200 day moving average is C$0.03. The company has a quick ratio of 2.13, a current ratio of 1.66 and a debt-to-equity ratio of 5.71.

Avalon Advanced Materials Company Profile

Avalon Advanced Materials Inc is a Canadian critical minerals development company focused on vertically integrating the Ontario lithium supply chain. The company is currently developing its Separation Rapids deposit near Kenora, ON. while continuing to advance other projects in its portfolio. In additional to extraction activities, Avalon is executing on its key strategic objective of constructing Ontario’s first midstream lithium hydroxide processing facility to bridge upstream lithium production and downstream EV battery manufacturing.